Govt increases petrol price by Rs5 per litre

ISLAMABAD: The government has raised the prices of petrol by Rs5 per litre, it was learnt on Wednesday. The price of diesel has raised...

Pakistan says court lacks authority to impose $846m award over Karkey project

The tribunal initially ordered Pakistan to pay $501 million, however, due to nonpayment and accumulation of interest, the total has grown to nearly $846 million

Pakistan jumps 11 places to 136th in WB ease of doing business index 2019

Pakistan has improved business climate for SMEs

FATF ‘grey listing’ to have limited impact on Pakistan’s economy: EIU

EIU believes diplomatic support for Pakistan is not as rosy compared to the previous instance it was placed on FATF’s grey list and projected much stricter monitoring this time

Asad Umar defends move to approach friendly countries, IMF for financial assistance

Mr Umar rebuffed the impression that the government’s vacillation on the IMF programme had spawned the stock market crash and told the house that the KSE-100 benchmark index had nosedived by 15,000 points even when the previous PML-N administration was in power

FBR deprives hundreds of overseas Pakistanis from availing tax amnesty scheme

A circular issued by the FBR on October 24th effectively deprives those overseas Pakistani's from availing the benefits of the tax amnesty scheme who had declared their foreign assets worth Rs155 billion

King Long Automotive to setup assembly plant in Lahore for producing buses

The official said the project is projected to rope in an investment of around $200 million

HBL reinventing itself under new president

The HBL CEO aims to transform it into an IT company with a banking license

BankIslami becomes victim of $6.5 million cyber-attack

Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.

NEPRA grants license for 11.80MW hydel power plant in KP

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW...

Finance ministry calls first meeting over NFC awards on 31st

ISLAMABAD: The Ministry of Finance is going to hold its first Fiscal Coordination Committee (FCC) meeting this week to discuss the annual...

Loss-making PIA increases salaries by Rs915mn

‘With the same amount, PIA could have changed a large proportion of the obsolete and non-operational IFES’ LAHORE: The Pakistan International Airlines (PIA) will...

Qatar indicates it will not object renegotiation on LNG deal

ISLAMABAD: As Pakistan intends to renegotiate the Liquefied Natural Gas (LNG) contract with Qatar, the foreign country has reportedly indicated that it will...

Bullish trend at PSX as index gains 5.5pc in week

LAHORE: The Pakistan Stock Exchange (KSE 100 Index) closed on a bullish trend on Friday having increased 2,126 points since the last week. The...

Pakistan requests UAE to give deferred payment facility for oil imports: Shah Mehmood Qureshi

The foreign minister said the UAE delegation had expressed an interest in establishing an LNG terminal in Pakistan